Most Iredell County property owners would see a tax increase under County Manager Beth Jones’ proposed budget for the fiscal year beginning July 1.
Jones proposed leaving the current tax rate untouched but, because most property values increased in the recent countywide reassessment, those owners would pay more.
The current rate is 52.75 cents per $100 in assessed value. A “revenue-neutral” rate – that is, one that would generate the same amount of revenue as this year when applied to the new property values – would be $48.72.
Jones said Iredell’s tax rate is the 15th lowest among 100 North Carolina counties.
Her proposed budget calls for $222.6 million in spending, up from $205.7 million this year.
County commissioners will hold a workshop on the budget Thursday from 11 a.m. to 3 p.m. in the south wing conference room of the Iredell County Government Center, 200 South Center Street, Statesville, and another session in the same location Monday, May 13, from 8 a.m. to noon. Both are open to the public.
Commissioners must approve a final budget by June 30.